**Uphold Relaunches XRP Debit Card for U.S. Users Following Ripple’s Legal Victory**
Uphold has officially relaunched its XRP Debit Card across the United States, marking a significant milestone following the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). This move follows Gemini’s similar launch of its XRP credit card in August, highlighting growing momentum in crypto payment products nationwide.
In a recent post on X (formerly Twitter), Uphold announced the reintroduction of its XRP debit card, which enables users to spend more than 300 digital assets anywhere Visa is accepted—both online and in physical stores. Cardholders can also earn up to 6% cashback paid in XRP on all purchases, with no credit checks or waiting periods required.
Nancy Beaton, President at Uphold, emphasized the importance of the relaunch for the company’s XRP community:
> “We’ve always had a strong base of XRP holders. We previously offered a debit card but had to pause it amid regulatory uncertainty. Bringing it back now reaffirms our long-standing commitment to the XRP ecosystem.”
The firm initially suspended the XRP debit card in March 2023 due to risks associated with the SEC’s lawsuit against Ripple. During this period, many exchanges chose to delist XRP amidst the legal dispute. However, Uphold stood apart by continuing to support XRP throughout the lawsuit.
> “We never delisted XRP when most platforms did,” Beaton added. “That decision earned us a loyal community, and this card is part of our promise to keep delivering real-world utility for XRP holders.”
**Growing Competition in the Crypto Card Market**
Uphold’s return to the XRP debit card market comes shortly after Gemini’s rollout of its own XRP credit card in August. Gemini’s card offers up to 4% XRP rewards on purchases and is part of the exchange’s broader strategy to boost cryptocurrency adoption.
In addition to XRP-focused products, the crypto card space has seen several notable developments:
– Fold partnered with Visa and Stripe to launch a Bitcoin Rewards Credit Card, allowing users to earn Bitcoin on every transaction.
– Gemini expanded its card lineup with a Solana Edition Credit Card, enabling users to earn and automatically stake SOL rewards.
– Trump’s WLFI is reportedly developing its own debit card and retail payment app, which aims to connect its USD₁ stablecoin to Apple Pay for instant daily transactions.
These initiatives demonstrate the crypto industry’s increasing focus on making digital assets more accessible and convenient, while enhancing user retention through innovative financial products.
**Expanding Staking Rewards**
Alongside the debit card relaunch, Uphold is expanding its U.S. offerings by reinstating staking rewards across 19 digital assets, including Ethereum (ETH), Solana (SOL), and NEAR Protocol. This move aims to provide users with more opportunities to grow their holdings while engaging with the platform.
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The resurgence of the XRP debit card signals renewed confidence in the cryptocurrency ecosystem following Ripple’s legal victory and highlights the intensifying competition among crypto payment providers striving to deliver seamless, real-world utility to users.
https://bitcoinethereumnews.com/tech/uphold-joins-gemini-relaunches-xrp-debit-card-following-sec-lawsuit-resolution/?utm_source=rss&utm_medium=rss&utm_campaign=uphold-joins-gemini-relaunches-xrp-debit-card-following-sec-lawsuit-resolution
